YG missed sales and profit goals

Discussion in 'Celebrity Gossip' started by Hermes1, May 14, 2018.

  1. Hermes1

    Hermes1 Elite

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    YG Entertainment's operating profit disappoints in the first quarter of 2018 + possibility of profit improvement
    By yckim124 24 minutes ago | May 15, 2018
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    YG Entertainment saw disappointing financial results in the first quarter of 2018.

    According to Mirae Asset Daewoo on May 14, YG Entertainment failed to meet market expectations for the first half of 2018 with analysts dropping the stock target price by 6.8% to 30,000 KRW (28 USD).
    YG Entertainment also saw a drastic decrease in operating profit and revenue compared to Q1 2017.

    Comparing YOY (Year Over Year), YGE's operating profit plunged by 84.4% and recorded 2.3 billion KRW ($2.15 million). The revenue dropped 27.7% YOY and recorded 77.3 billion won ($72.2 million).

    Financial analyst Park Jung Yeop commented, "They were looking forward to Big Bang's last tour before enlistment to reflect on the first quarter, however, their new variety shows had disappointing outcomes."

    He added, "It'll take time to receive gains from their content business," and explained, "'MIXNINE' and 'Let's Live a Nice Life', which aired at the end of last year and beginning of this year, had a loss of about 8 billion KRW ($7.4 million) in production costs."

    On a positive note, Park stated, "The new generation lineup including WINNER, iKON, and Black Pink's growth is not bad overall." The three groups' combined concert ticket sales in Japan this year so far in 2018 is around 34% of Big Bang's record of 1.44 million concertgoers last year.

    Park advised investors to watch out on YGE's possibility of profit improvement, subsidiary's loss decline, and the normalizing relationship with China.


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    #1 Hermes1, May 14, 2018
    Last edited: Jun 27, 2018
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  2. yugurt

    yugurt Trainee

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    yikes.
     
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  3. 89TIFF

    89TIFF Super Rookie

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    “not bad overall” i’m sorry but yg what world are you living in stop slacking off
     
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  4. stylishcrab

    stylishcrab Married to @spat
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    HAHAHHAHAHAHAHHAHAHHAHAHAHHAHAHAHHAHAHAHHAHA.

    now give my girls blackpink their comeback and stop dungeon-ing ur artists.
     
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  5. Cylix

    Cylix Rookie

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    this guy has lost his crown long ago, i'm not sure if his company is even considered trustworthy and top tier anymore
    sm promotes non-stop as far as i can see, jyp also does things around with many groups, cube too, bts has gone to america and made history, new things happen, things change fast
    and he still thinks that just because he's yg he can promote his artists once every blue moon? bitch please, if you keep acting like you're the best shit of the industry and slack off, you're gonna go down reeeeeeeeally soon. especially since your real cash machines are on hiatus or disbanded.

    ps. sign winner, lee hi and akmu to another company. all of them tbh, but these three really deserve better.
     
  6. michasuckcuckoo

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    oh shit big bang :whatk:
     
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  7. Hermes1

    Hermes1 Elite

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    The demise of YG has begun, with the delayed hesitation of 2NE1 disbandment.

    They have long since put off the fans with 'one last comeback of 2NE1' - which ultimately never materialized.

    YGE just wanted to have their bags filled, by fans of their artists. They were able to earn just under $ 1.5 million USD, even though they knew nine months ago that 2NE1 is dissolving.

    In business law this is called 'evaded insolvency' (which is punishable by law).

    This is a 'bad style' in my eyes.
     
    #7 Hermes1, May 22, 2018
    Last edited: May 22, 2018
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  8. Cylix

    Cylix Rookie

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    That's sad and cheap. Still, his artists are not at fault to let him take them down in his demise. I really hope they sign somewhere else if things will stay like this.
     
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  9. L_catzzz

    L_catzzz Idol

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    All 3 groups combined still make only 34% of what BIGBANG "MADE".

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  10. A.Fishbowl

    A.Fishbowl Public Figure

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    MIXNINE alone was a huge blow.

    And the non-debut of the MIXNINE groups (originally there was going to be both girl and boy group) didn't help either.
     
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  11. spicyaghase

    spicyaghase Married to @kyoong
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    YG has been acting a fool, and now him and his company (unfortunately for the artists) are facing the consequences. He's lucky his groups have such loyal fanbases.
     
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